<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                           435468
<INVESTMENTS-AT-VALUE>                          431321
<RECEIVABLES>                                     3885
<ASSETS-OTHER>                                     410
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  435616
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       109137
<TOTAL-LIABILITIES>                             109137
<SENIOR-EQUITY>                                  46000
<PAID-IN-CAPITAL-COMMON>                        281941
<SHARES-COMMON-STOCK>                            29628
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                         2174
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            512
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (4148)
<NET-ASSETS>                                    326479
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                28566
<OTHER-INCOME>                                     277
<EXPENSES-NET>                                    6795
<NET-INVESTMENT-INCOME>                          22048
<REALIZED-GAINS-CURRENT>                           512
<APPREC-INCREASE-CURRENT>                       (4147)
<NET-CHANGE-FROM-OPS>                            18413
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        19442
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          29600
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                 18
<NET-CHANGE-IN-ASSETS>                          326379
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2401
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   8066
<AVERAGE-NET-ASSETS>                            289243
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                      0


</TABLE>